IND AS – 103 – Business Combination – CA Final – Financial Reporting – Revision Series

IND AS 103 – It covers all transactions and events that meets the definition of Business Combination. Business Combination : When one Entity Acquires control over the business of other entity. Business : Integrated set of activities and assets, capable of being managed and conducted, to provide an output in form of dividend, lower cost and other economic benefit to the members, owners, participants and shareholders. Control: An entity has power over the investee, exposed to variable returns and ability to use the power to affect variable returns. Accounting for Business combination, Valuation of Consideration, Net Assets, NCI, Goodwill. Also covers common control business transaction and reverse acquisition.

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